Michael Deneen wrote:
As many of you know, the city has agreed to bankroll some of the improvements to Browns Stadium.
Due to the horrific one-sided lease, much of this money was pretty much required to be paid.
There is a pattern here that repeats itself in all of the County's so called investments.
First the local news outlets and politicians hail the deal as an innovative and much needed shot in the arm for Cleveland that is fair to all parties. A couple of years down the road the local news outlets report that the deal was bad for the City, County or region and then announce a new deal that is fair to all parties that replaces the old deal that was fair to all the parties.
Along the way its reported that the "investments" (baseball stadium, basketball stadium, football stadium, convention center, hotel, RTA project, casino, etc.) isn't going to create as many of the jobs or economic activity that it was predicted to create but that's okay because if we increase the taxpayer subsidies the project will give the whole region a boost.
It's a bit disappointing to see the lack of interest in this post. Almost as disappointing as the lack of interest in the fact that Cleveland leads the nation in job losses.
Everyone agrees that STEM jobs, (Science, Technology, Engineering and Math) are the key to economic prosperity. Cleveland comes in 44th in STEM jobs and is actually losing those jobs at an alarming rate. A neat little site called New Geography:http://www.newgeography.com/content/004 ... -tech-jobs
Does anyone really believe that a Cleveland recovery will be led by hotel jobs, casino jobs and more subsidies for the politically well connected?
How blind is our leadership? Blind enough to think driving the buses down the middle of the street leads to economic growth.http://www.crainscleveland.com/article/ ... /311109977
Earth to Joe: RTA ridership is down substantially from its peak. Virtually all of the so called growth in recent ridership is do to increasing poverty, declining real incomes and accelerating job losses in the Cleveland area. If people could afford a car they would use it.